Seoul Semiconductor Co., Ltd. (KOSDAQ 046890), a market leader in LED
(light emitting diode) design and manufacturing, today announced
consolidated second-quarter revenues of KRW 267 billion. The rise in
consolidated revenue came from strong sales in general lighting and
strengths across all divisions within the company. The year over year
rise in automotive lighting sales proved highly profitable for the
company.

For the lighting division, while the differentiated product such as
Wicop and Acrich increased in great proportion, automotive exterior
lamps, e.g. daytime running lights and headlights continued their
fast-paced growth. Automotive lighting is an area of high entry barriers
due to high technology requirements and intellectual properties. Seoul
expects to gain further market share with its differentiated Wicop
technology. For the IT division, current customers expanding their
product line-ups and new customer acquisitions were the main drivers for
the rising sales figures.

To improve share price stability and increase shareholder value, Seoul
announced plans to almost double its future dividends, based on the fact
that its current level of pay-out is half the industry average and an
increase up to the industry average is necessary. In addition, the
company has sufficient cash generation capabilities since it has booked
above 20% gains in EBITDA, leaving sufficient funds available for future
investments. This was part of Seoul’s last quarter’s announcement to
execute a KRW 10 billion share buyback program.

Company outlook

The company has provided revenue guidance of KRW 260 to 280 billion for
the third quarter. The company plans to further strengthen its sales and
marketing activities for its unique technologies including Acrich and
Wicop and focus on acquiring more customers to reach new heights with
respect to earnings.

The company’s Chief Financial Officer Sangbum Lee stated that SunLike, a
new LED technology that produces light closely matching the spectrum of
natural sunlight, unveiled at a press conference in Frankfurt, Germany
in June, had been very well received with great interest from global
customers. The company plans to launch additional new products during
the remainder of the year and focus on protecting intellectual
properties owned by the company.

About Seoul Semiconductor:

Seoul
Semiconductor develops and commercializes light emitting diodes
(LEDs) for automotive, general illumination, specialty lighting, and
backlighting markets. As the fourth-largest LED manufacturer globally,
Seoul Semiconductor holds more than 12,000 patents, offers a wide range
of technologies, and mass produces innovative LED products such as
SunLike – delivering the world’s best light quality in a next-generation
LED enabling human-centric lighting optimized for circadian rhythms;
Wicop – a simpler structured package-free LED which provides market
leading color uniformity, cost savings at the fixture level with high
lumen density and allows design flexibility; NanoDriver Series –World’s
Smallest 24W DC LED Drivers; Acrich, the world's first high-voltage
AC-driven LED technology developed in 2005, includes all AC LED-related
technologies from chip to module and circuit fabrication, as well as
multi-junction technology (MJT); and nPola, a new LED product based on
GaN-substrate technology that achieves over ten times the output of
conventional LEDs. For more information about Seoul Semiconductor,
please visit http://www.seoulsemicon.com

This press release material contains forward-looking statements which
reflect Seoul Semiconductor’s current views with respect to future
events and financial performance, and are subject to certain risks and
uncertainties, which could cause actual results to differ materially
from those anticipated. Although Seoul Semiconductor believes the
expectations reflected in such forward-looking statements are to be
based upon reasonable assumptions, it can give no assurance that its
expectations will be attained. Seoul Semiconductor undertakes no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events, or otherwise. All
financial figures are consolidated figures unless stated otherwise.